The correct answer is: B. Estimated cost
Estimated cost is the cost of a product or service that is estimated before it is produced or sold. It is based on a number of factors, including the cost of materials, labor, and overhead. Estimated costs are used to set prices, make decisions about production, and track performance.
Total cost is the sum of all the costs associated with producing a product or service. It includes direct costs, such as the cost of materials and labor, and indirect costs, such as overhead. Total costs are used to calculate profit or loss.
Unfinished cost is the cost of a product or service that is not yet complete. It includes the costs of materials, labor, and overhead that have been incurred to date, as well as the estimated costs of completing the product or service. Unfinished costs are used to track progress and make decisions about whether to continue production.
Standard cost is a predetermined cost that is used to control costs. It is based on a set of standards, such as the amount of materials that should be used per unit of product or the amount of labor that should be required per unit of time. Standard costs are used to compare actual costs to budgeted costs and to identify areas where costs can be reduced.